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To build or buy? Investors eye hospitality assets as tourism, scarce supply prop up sector

Hospitality transactions in the first nine months of the year totalled S$4.2 billion, according to data from Colliers International

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Katong Plaza was recently launched for the third time with an unchanged asking price of S$188 million after obtaining planning permission for hotel use.

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Darby Park Executive Suites, which was re-zoned for hotel use this year, is understood to have been sold for S$160 million.

Singapore

WITH rising tourist arrivals and limited stock, investor appetite for Singapore hospitality assets is heating up, with hospitality deals in the first nine months of the year totalling S$4.2 billion, according to data from Colliers International.

While a sizeable portion...

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